We survey the theory and evidence of behavioral corporate finance, which generally takes one of two approaches. The … on their decisions. We review relevant psychology, economic theory and predictions, empirical challenges, empirical …

optimal benchmark substantially mitigates the utility costs of decentralized investment management. These costs can be further …

fundamental to the field of organizational economics: 1.Why do firms in the same industry adopt different management practices?2 ….Does the adoption of a new management practice raise productivity? 3.If so, why does the new management practice raise … industry insiders with rigorous econometric tests about the adoption and productivity effects of new management practices using …

Dynastic management is the inter-generational transmission of control over assets that is typical of family-owned firms …. It is pervasive around the World, but especially in developing countries. We argue that dynastic management is a … incidence of dynastic management depends on the severity of asset-market imperfections, on the economy's saving rate, and on the …